News
01 July 2025

CVC DIF, Tabreed to acquire Abu Dhabi district cooling firm

In:
Social infrastructure
Region:
Middle East & Africa

CVC DIF and Tabreed have agreed to acquire PAL Cooling Holding from Multiply Group for AED3.8 billion ($1.03 billion). PAL Cooling holds eight long-term concession agreements, supplying district cooling to major residential, commercial and mixed-use developments in Abu Dhabi. This includes...

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